MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Foreign Exchange and Exchange Rate

Short Answer ...

Question

Short Answer Type Questions:
Explain the meaning of Managed Floating Exchange Rate.

Open in App

Solution

Managed floating is a tool employed by the Central bank to restore the value of the country's currency in relation to other countries within the desired limits, even when the exchange rate is determined by the market forces of demand and supply.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Very Short Answer Type Questions:
Give meaning of managed floating exchange rate.

Q. Long Answer Type Questions :
Explain the distinction between the flexible exchange rate and the managed floating exchange rate.

Q. Long Answer Type Questions :
Discuss in brief: (i) Fixed exchange rate system; (ii) Flexible exchange rate system; and (iii) Managed floating rate system.

Q. Very Short Answer Type Questions:
What is floating exchange rate?

Q. Long Answer Type Questions :
Distinguish between the fixed exchange rate and the floating exchange rate. If exchange rate falls, explain its effects on exports and imports.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Foreign Exchange

ECONOMICS

Watch in App

explore_more_icon

Explore more

Foreign Exchange and Exchange Rate

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon